Jiangsu HSC New Energy Materials (SH:688353) Dong Jian Yan Bao·2025-07-01 15:25Group 1: Research Basic Information - The research object is Huasheng Lithium, belonging to the chemical products industry, with a reception time of July 1, 2025. The listed company's reception staff includes Deputy General Manager and Board Secretary Huang Zhendong, and Securities Affairs Representative Lu Haiyuan [16] Group 2: Detailed Research Institutions - The research institutions include Orient Fortune Securities (a securities company), Zhongzhe Wuchan (others), Qifu Capital (a fund management company), and Tongju Investment (others) [17] Group 3: Main Content Choice of Lithium Sulfide Preparation Process - The company chose the liquid-phase method to prepare high-purity lithium sulfide due to the technical advantages accumulated in key processes such as synthesis, purification, and solvent recovery during the production of electrolyte additives. This process has advantages such as high purity, high yield, and good subsequent processing performance [20] Impact of New Battery Technologies - New battery technologies like solid-state batteries may impact the existing liquid lithium-ion batteries, but various battery products will coexist in the market for a long time, and most will still use the company's electrolyte additives. The company is also focusing on the development of solid-state battery electrolyte materials [20] Company Performance and Industry Status - The company's management is confident in its long-term development. Since 2022, the market for electrolyte additives has faced oversupply. Enterprises with cost control advantages, stable customer bases, and a focus on cost control and quality improvement will stand out [21] Company's Lithium Battery Production Capacity - The company has four production bases: Zhangjiagang Phase I, II, III, and its wholly-owned subsidiary Taixing Huasheng. After the completion and operation of the Phase III project, the production capacity of VC and FEC will reach 14,000 tons per year, and the production of other lithium battery-related materials is also in progress [22]